Investors, worried about artificial intelligence disrupting software companies, are skirting the most-troubled US junk debt even as they embrace risk in other markets.
Investors, worried about artificial intelligence disrupting software companies, are skirting the most-troubled US junk debt even as they embrace risk in other markets.
Relaxing covenant requirements to win competitors in the race to fund deals is leaving sub-investment grade loan investors without their last line of defense, according to an analysis by Moody’s Ratings.
Relaxing covenant requirements to win competitors in the race to fund deals is leaving sub-investment grade loan investors without their last line of defense, according to an analysis by Moody’s Ratings.
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Signage stands outside JP Morgan Chase & Co. headquarters in New York.
Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.
Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.
Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.
Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.
The Vivid Seats logo on a laptop arranged in New York, US, on Thursday, June 13, 2024. Shares of Vivid Seats Inc., a competitor to StubHub which went public via a merger with a blank-check company in 2021, have declined about 60% since its listing. Photographer: Gabby Jones/Bloomberg
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